Turim 21 Investimentos Ltda.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Turim 21 Investimentos Ltda. reported 117 stock positions worth $398.6 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 33.0% of the portfolio, followed by Vanguard Russell 2000 ETF (VTWO, 12.6%) and Vale SA-SP ADR (VALE, 10.7%). Compared with Q4 2025, it opened 48 new positions, sold out of 46, added to 14 and reduced 20. The biggest buy was a new position in Vanguard Russell 2000 ETF (VTWO) and the biggest sale an exit from iShares MSCI Eafe ETF (EFA).

Most Recent 13F
Q2 2026
Location
RIO DE JANEIRO, D5
CIK
0001652174
Portfolio Value
$398.6M (Q1 2026)
SEC Filing
0001104659-26-062796 ↗ filed May 15, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $393.2M Q1 2024 Q2 2024: $392.0M Q2 2024 Q3 2024: $363.4M Q3 2024 Q4 2024: $383.9M Q4 2024 Q1 2025: $372.3M Q1 2025 Q2 2025: $511.1M Q2 2025 Q3 2025: $297.2M Q3 2025 Q4 2025: $259.0M Q4 2025 Q1 2026: $398.6M $398.6M Q1 2026 Q2 2026: $613.3M Q2 2026

Holdings 117 stocks · $398.6M
VTI VG Morningstar TS MKT ETF-US 33.03% 202,435 $131.7M Add +54.6%
VTWO Vanguard Russell 2000 ETF 12.55% 116,292 $50.0M New
VALE Vale SA-SP ADR 10.69% 2,678,876 $42.6M Reduce -14.5%
ISHG iShares -3 Year Internationa 8.58% 460,975 $34.2M New
AMZN Amazon.com Inc. 6.17% 118,177 $24.6M Add +604.6%
GOOG Alphabet Inc. Class C 5.41% 75,202 $21.6M Add +1107.5%
MSFT Microsoft Corp. 5.32% 57,284 $21.2M Add +790.6%
PROSHARES TR 4.98% 34,405 $19.9M Reduce -6.0%
BMA Banco Macro SA-ADR 2.68% 528,547 $10.7M New
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 1.89% 670,000 $7.6M No change
IBIT iShares Bitcoin Trust ETF 1.17% 121,192 $4.7M Add +319.4%
URNM Sprott Uranium Miners ETF 0.76% 47,482 $3.0M New
BRK.A Berkshire Hathaway Inc. Class A 0.72% 4 $2.9M No change
PAGS Pagseguro Digital Ltd. Class A 0.56% 149,618 $2.2M New
BIL SS SPDR BB 1-3M T-Bill ETF 0.53% 23,246 $2.1M Reduce -3.4%
GGAL Grupo Financiero Galicia-ADR 0.49% 41,586 $1.9M Add +74.4%
AAPL Apple Inc. 0.44% 6,967 $1.8M Reduce -1.9%
PXD Pioneer Natural Resources Co. filed as MICROSTRATEGY INC-CL A 0.38% 12,000 $1.5M No change
CROX Crocs Inc. 0.36% 123,215 $1.4M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.34% 14,169 $1.4M Reduce -6.7%
SW Smurfit Westrock PLC 0.33% 14,705 $1.3M No change
KWEB Kranesh Csi China Internet 0.25% 35,359 $1.0M No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.24% 3,788 $969K Add +8.3%
XOP SS SPDR S&P Og Exp & Prod 0.23% 4,683 $899K Reduce -56.0%
TIP iShares Tips Bond ETF 0.18% 6,570 $725K No change
IEF iShares 7-10 Year Treasury B 0.14% 6,026 $575K Add +178.2%
SGML Sigma Lithium Corp. 0.14% 45,000 $555K Reduce -18.2%
IEMG iShares Core MSCI Emerging 0.12% 6,891 $481K Reduce -96.8%
EWZ iShares MSCI Brazil ETF 0.11% 11,273 $433K Reduce -48.3%
IVV iShares Core S&P 500 ETF 0.07% 436 $285K Add +36.3%
ETHE Grayscale Ethereum Staking E 0.07% 16,600 $283K Reduce -18.0%
VCIT Vanguard Int-Term Corporate 0.07% 3,392 $281K Add +551.1%
IEI iShares 3-7 Year Treasury Bo 0.07% 2,335 $276K Add +7.8%
GDX Vaneck Gold Miners ETF 0.06% 2,788 $256K New
BITW Bitwise 10 Crypto Index ETF 0.06% 5,062 $226K Reduce -37.5%
NVDA Nvidia Corp. 0.06% 1,268 $221K Add +144.3%
HAL Halliburton Co. 0.05% 5,068 $198K New
SLB SLB Ltd. filed as SLB LIMITED 0.05% 3,731 $192K New
GOOGL Alphabet Inc. Class A 0.04% 593 $171K Add +25.1%
OBDC Blue Owl Capital Corp. 0.04% 15,416 $171K No change
MUB iShares National Muni Bond E 0.04% 1,514 $161K New
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.04% 505 $151K No change
NXE Nexgen Energy Ltd. 0.03% 579 $111K New
DMRC Digimarc Corp. 0.02% 20,087 $99K Reduce -66.4%
IDEV iShares Core MSCI Dev MKTS 0.02% 1,133 $95K No change
SHEL Shell PLC-ADR 0.02% 2,940 $90K No change
IVE iShares S&P 500 Value ETF 0.02% 929 $71K Reduce -23.0%
CPER United States Copper Index 0.02% 1,884 $65K New
JPM JPMorgan Chase & Co. 0.02% 210 $62K New
HODL Vaneck Bitcoin ETF 0.01% 2,708 $52K No change
FBTC Fidelity Wise Origin Bitcoin 0.01% 877 $52K No change
ARKB ARK 21SHARES Bitcoin ETF 0.01% 2,301 $52K No change
BITB Bitwise Bitcoin ETF 0.01% 1,405 $52K No change
EEM iShares MSCI Emerging Market 0.01% 890 $51K Reduce -93.0%
XLE SS Energy Select Sector 0.01% 800 $49K No change
IEFA iShares Core MSCI Eafe ETF 0.01% 513 $46K Reduce -52.1%
CAT Caterpillar Inc. 0.01% 65 $46K New
IGV iShares Expanded Tech-Softwa 0.01% 6,100 $45K Reduce -86.8%
LHX L3HARRIS Technologies Inc. 0.01% 462 $41K New
TSLA Tesla Inc. 0.01% 108 $40K Reduce -73.1%
COMT iShares Gsci Commodity Dynam 0.01% 197 $38K New
WMT Walmart Inc. 0.01% 296 $37K New
BND Vanguard Total Bond Market 0.01% 484 $36K No change
SOXX iShares Semiconductor ETF 0.01% 2,450 $35K No change
TSM Taiwan Semiconductor-SP ADR 0.01% 26 $34K New
MS Morgan Stanley 0.01% 194 $32K New
ETH Grayscale Ethereum Staking M 0.01% 1,500 $30K New
BN Brookfield Asset Mgmt Inc. filed as BP PLC-SPONS ADR 0.01% 620 $29K New
GS Goldman Sachs Group Inc. 0.01% 29 $25K New
FCX Freeport-McMoran Inc. 0.01% 410 $24K New
COST Costco Wholesale Corp. 0.01% 24 $24K New
GSK GSK PLC-Spon ADR 0.01% 404 $22K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 447 $22K New
EUFN iShares MSCI Europe Financia 0.01% 329 $22K New
HD Home Depot Inc. 0.01% 65 $21K New
META Meta Platforms Inc. Class A 0.01% 35 $20K Add +40.0%
AXP American Express Co. 0.00% 63 $19K New
JOBY Joby Aviation Inc. 0.00% 2,057 $17K No change
COPX Global X Copper Miners ETF 0.00% 182 $17K New
BBD Banco Bradesco-ADR 0.00% 1,980 $17K Reduce -97.0%
SAN Banco Santander SA-Spon ADR 0.00% 1,699 $16K New
AVGO Broadcom Inc. 0.00% 50 $15K Reduce -2.0%
BILL Bill Holdings Inc. 0.00% 392 $15K No change
ISRG Intuitive Surgical Inc. 0.00% 32 $15K New
FIG Figma Inc. Class A 0.00% 653 $14K No change
MRK Merck & Co. Inc. 0.00% 114 $14K New
IR Ingersoll-Rand Inc. 0.00% 163 $13K New
NFLX Netflix Inc. 0.00% 110 $11K Reduce -21.4%
ACHR Archer Aviation Inc. Class A 0.00% 1,944 $10K No change
BCS Barclays PLC-Spons ADR 0.00% 472 $10K New
FSLY Fastly Inc. Class A 0.00% 328 $10K No change
IHE iShares US Pharmaceuticals E 0.00% 109 $9K New
ORCL Oracle Corp. 0.00% 63 $9K New
ABBV Abbvie Inc. 0.00% 39 $8K New
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.00% 92 $8K New
SONY Sony Group Corp. - SP ADR 0.00% 354 $7K New
SAP Sap SE-Sponsored ADR 0.00% 41 $7K New
AMBIQ Ambipar Emergency Response 0.00% 128,800 $7K No change
LLY Eli Lilly & Co. 0.00% 7 $6K New
NVNIF Nvni Group Ltd. 0.00% 5,587 $6K No change
BKSY Blacksky Technology Inc. 0.00% 250 $6K No change
BP BP PLC-Spons ADR 0.00% 1,029 $6K No change
NVO Novo-Nordisk A/S-Spons ADR 0.00% 151 $6K New
LYG Lloyds Banking Group PLC-ADR 0.00% 1,064 $5K New
BTC Grayscale Bitcoin Mini ETF 0.00% 172 $5K No change
UNP Union Pacific Corp. 0.00% 21 $5K New
SPYD SS SPDR P S&P 500 Hi Div ETF 0.00% 1,375 $5K No change
EH Ehang Holdings Ltd.-SPS ADR 0.00% 501 $5K No change
INTR Inter & Co. Inc. Class A 0.00% 588 $5K New
CSX CSX Corp. 0.00% 111 $5K New
BLK BlackRock Finance Inc. 0.00% 4 $4K New
BAND Bandwidth Inc. Class A 0.00% 162 $3K No change
PBR Petroleo Brasileiro-Spon ADR 0.00% 15 $1K New
PTON Peloton Interactive Inc. Class A 0.00% 110 $472 No change
AFYA Afya Ltd. Class A 0.00% 214 $274 No change
CRM Salesforce Inc. 0.00% 2,420 $1 No change
MSOS Advisorshares Pure US Cann 0.00% 21,727 $0 No change

Portfolio Sells Q4 2025 → Q1 2026
EFA iShares MSCI Eafe ETF Sold out 0.00% −16.39
IEMG iShares Core MSCI Emerging Reduce -96.8% 0.12% −5.55
VALE Vale SA-SP ADR Reduce -14.5% 10.69% −5.06
PROSHARES TR Reduce -6.0% 4.98% −3.70
EMXC iShares MSCI Emr MRK Ex Chna Sold out 0.00% −1.53
XOP SS SPDR S&P Og Exp & Prod Reduce -56.0% 0.23% −0.56
DIS The Walt Disney Co. Reduce -6.7% 0.34% −0.32
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -3.4% 0.53% −0.31
AAPL Apple Inc. Reduce -1.9% 0.44% −0.30
EEM iShares MSCI Emerging Market Reduce -93.0% 0.01% −0.25
CCJ Cameco Corp. Sold out 0.00% −0.19
VTEX Vtex Class A Sold out 0.00% −0.18
BBD Banco Bradesco-ADR Reduce -97.0% 0.00% −0.18
EWZ iShares MSCI Brazil ETF Reduce -48.3% 0.11% −0.16
SGML Sigma Lithium Corp. Reduce -18.2% 0.14% −0.14
BITW Bitwise 10 Crypto Index ETF Reduce -37.5% 0.06% −0.13
DMRC Digimarc Corp. Reduce -66.4% 0.02% −0.13
IGV iShares Expanded Tech-Softwa Reduce -86.8% 0.01% −0.12
ETHE Grayscale Ethereum Staking E Reduce -18.0% 0.07% −0.12
RSX Vaneck Russia ETF Sold out 0.00% −0.10
BUG Global X Cybersecurity ETF Sold out 0.00% −0.06
TSLA Tesla Inc. Reduce -73.1% 0.01% −0.06
VT Vanguard Tot World STK ETF Sold out 0.00% −0.05
LIT Global X Lithium & Battery T Sold out 0.00% −0.04
ECH iShares MSCI Chile ETF Sold out 0.00% −0.03
IEFA iShares Core MSCI Eafe ETF Reduce -52.1% 0.01% −0.03
BUD Anheuser-Busch Inbev-SPN ADR Sold out 0.00% −0.02
WIW Western Asst Infl-LNK Opp Sold out 0.00% −0.02
GRAYSCALE ETHERM MINI TR ETF Sold out 0.00% −0.02
NOBL Proshares S&P 500 Dividend A Sold out 0.00% −0.02
IVE iShares S&P 500 Value ETF Reduce -23.0% 0.02% −0.02
QLTI GMO International QLTY ETF Sold out 0.00% −0.01
VGT Vanguard Info Tech ETF Sold out 0.00% −0.01
JAAA Janus Henderson Aaa Clo ETF Sold out 0.00% −0.01
PULS Pgim Ultra Short Bond ETF Sold out 0.00% −0.01
BHK BlackRock Core Bond Trust Sold out 0.00% −0.01
SHOP Shopify Inc. Class A Sold out 0.00% −0.01
EVTR Eaton Vance Total Return Sold out 0.00% −0.01
ISD Pgim High Yield Bond Fund Sold out 0.00% −0.01
FTHI Fthi/First Trust Exchange-TR Sold out 0.00% −0.01
KNG FT Vest S&P 500 DVD Arst TRG Sold out 0.00% −0.01
XEVVX Eaton Vance Ltd. Durat Inc. Sold out 0.00% −0.01
TLH iShares 10-20 Year Treasury Sold out 0.00% −0.01
JPC Nuveen Prefered & Income Opp Sold out 0.00% −0.01
PFN PIMCO Income Strategy FD II Sold out 0.00% −0.01
ERC Allspring Multi-Sector Inc. Sold out 0.00% −0.01
ARDC Ares Dynamic Credit All Sold out 0.00% −0.01
BTZ BlackRock Credit Allocation Sold out 0.00% −0.01
XETYX Eaton Vance Tax-MGD Div Eqty Sold out 0.00% −0.01
MELI MercadoLibre Inc. Sold out 0.00% −0.01

Portfolio Buys Q4 2025 → Q1 2026
VTWO Vanguard Russell 2000 ETF New 12.55% +12.55
ISHG iShares -3 Year Internationa New 8.58% +8.58
AMZN Amazon.com Inc. Add +604.6% 6.17% +4.68
GOOG Alphabet Inc. Class C Add +1107.5% 5.41% +4.66
MSFT Microsoft Corp. Add +790.6% 5.32% +4.12
BMA Banco Macro SA-ADR New 2.68% +2.68
URNM Sprott Uranium Miners ETF New 0.76% +0.76
IBIT iShares Bitcoin Trust ETF Add +319.4% 1.17% +0.61
PAGS Pagseguro Digital Ltd. Class A New 0.56% +0.56
GDX Vaneck Gold Miners ETF New 0.06% +0.06
IEF iShares 7-10 Year Treasury B Add +178.2% 0.14% +0.06
VCIT Vanguard Int-Term Corporate Add +551.1% 0.07% +0.05
HAL Halliburton Co. New 0.05% +0.05
SLB SLB Ltd. New 0.05% +0.05
MUB iShares National Muni Bond E New 0.04% +0.04
NXE Nexgen Energy Ltd. New 0.03% +0.03
NVDA Nvidia Corp. Add +144.3% 0.06% +0.02
CPER United States Copper Index New 0.02% +0.02
JPM JPMorgan Chase & Co. New 0.02% +0.02
CAT Caterpillar Inc. New 0.01% +0.01
LHX L3HARRIS Technologies Inc. New 0.01% +0.01
COMT iShares Gsci Commodity Dynam New 0.01% +0.01
WMT Walmart Inc. New 0.01% +0.01
TSM Taiwan Semiconductor-SP ADR New 0.01% +0.01
MS Morgan Stanley New 0.01% +0.01
ETH Grayscale Ethereum Staking M New 0.01% +0.01
BN Brookfield Asset Mgmt Inc. New 0.01% +0.01
GS Goldman Sachs Group Inc. New 0.01% +0.01
COST Costco Wholesale Corp. New 0.01% +0.01
FCX Freeport-McMoran Inc. New 0.01% +0.01
GSK GSK PLC-Spon ADR New 0.01% +0.01
BAC Bank of America Corp. New 0.01% +0.01
EUFN iShares MSCI Europe Financia New 0.01% +0.01
HD Home Depot Inc. New 0.01% +0.01
AXP American Express Co. New 0.00% +0.00
COPX Global X Copper Miners ETF New 0.00% +0.00
SAN Banco Santander SA-Spon ADR New 0.00% +0.00
ISRG Intuitive Surgical Inc. New 0.00% +0.00
MRK Merck & Co. Inc. New 0.00% +0.00
IR Ingersoll-Rand Inc. New 0.00% +0.00
BCS Barclays PLC-Spons ADR New 0.00% +0.00
IHE iShares US Pharmaceuticals E New 0.00% +0.00
ORCL Oracle Corp. New 0.00% +0.00
ABBV Abbvie Inc. New 0.00% +0.00
HSBC HSBC Holdings PLC-Spons ADR New 0.00% +0.00
SAP Sap SE-Sponsored ADR New 0.00% +0.00
SONY Sony Group Corp. - SP ADR New 0.00% +0.00
LLY Eli Lilly & Co. New 0.00% +0.00
NVO Novo-Nordisk A/S-Spons ADR New 0.00% +0.00
LYG Lloyds Banking Group PLC-ADR New 0.00% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 121$613.3MVTI, EWZ, RSX, VTWO, VALE
Q1 2026 117$398.6MVTI, VTWO, VALE, ISHG, AMZN
Q4 2025 115$259.0MVTI, EFA, VALE, PROSHARES TR, IEMG
Q3 2025 117$297.2MVTI, EFA, VALE, BIL, PROSHARES TR
Q2 2025 83$511.1MEWZ, SPY, EFA, BIL, MSFT
Q1 2025 81$372.3MSPY, EFA, BIL, VALE, RSP
Q4 2024 84$383.9MSPY, RSP, IWM, VALE, AMZN
Q3 2024 79$363.4MSPY, RSP, VALE, IWM, MSFT
Q2 2024 74$392.0MSPY, RSP, QQQ, VALE, MSFT
Q1 2024 74$393.2MSPY, RSP, VALE, MSFT, AMZN